Filipino (PSEi) Market Analysis & Valuation

Market Valuation and Performance

Has the Filipino Market valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 19 Jun 2024	₱13.0t	₱13.0t	₱1.1t	9.2x	11.3x	1x
Fri, 17 May 2024	₱13.2t	₱12.9t	₱1.2t	9.5x	11.4x	1x
Sun, 14 Apr 2024	₱13.1t	₱12.7t	₱1.1t	10.2x	11.7x	1x
Tue, 12 Mar 2024	₱13.3t	₱12.7t	₱1.1t	10.4x	12.3x	1.1x
Thu, 08 Feb 2024	₱13.3t	₱12.6t	₱1.1t	9.9x	12.6x	1.1x
Sat, 06 Jan 2024	₱13.1t	₱12.7t	₱1.1t	10.2x	12.4x	1x
Mon, 04 Dec 2023	₱12.4t	₱12.7t	₱1.1t	9.8x	11.7x	1x
Wed, 01 Nov 2023	₱12.1t	₱12.6t	₱1.0t	10.2x	11.9x	1x
Fri, 29 Sep 2023	₱12.9t	₱12.7t	₱1.0t	10.6x	12.6x	1x
Sun, 27 Aug 2023	₱12.5t	₱12.7t	₱1.0t	10.8x	12.3x	1x
Tue, 25 Jul 2023	₱13.3t	₱12.8t	₱972.5b	11x	13.7x	1x
Thu, 22 Jun 2023	₱12.9t	₱12.8t	₱972.7b	10.3x	13.3x	1x
Sat, 20 May 2023	₱13.3t	₱12.7t	₱960.1b	11.5x	13.9x	1x
Mon, 17 Apr 2023	₱13.1t	₱12.1t	₱922.8b	10.9x	14.2x	1.1x
Wed, 15 Mar 2023	₱12.9t	₱11.8t	₱1.1t	11.1x	12.1x	1.1x
Fri, 10 Feb 2023	₱13.6t	₱11.6t	₱1.0t	11.6x	13.3x	1.2x
Sun, 08 Jan 2023	₱13.1t	₱11.6t	₱1.0t	11.2x	12.8x	1.1x
Tue, 06 Dec 2022	₱12.8t	₱11.7t	₱1.0t	11.2x	12.4x	1.1x
Thu, 03 Nov 2022	₱12.3t	₱10.8t	₱975.1b	11.5x	12.6x	1.1x
Sat, 01 Oct 2022	₱11.9t	₱10.7t	₱961.9b	11.3x	12.4x	1.1x
Mon, 29 Aug 2022	₱13.4t	₱10.7t	₱960.2b	12.4x	13.9x	1.3x
Wed, 27 Jul 2022	₱12.5t	₱9.7t	₱846.5b	12x	14.7x	1.3x
Fri, 24 Jun 2022	₱12.2t	₱9.6t	₱843.0b	11.9x	14.4x	1.3x
Sun, 22 May 2022	₱13.4t	₱9.6t	₱825.6b	11.6x	16.2x	1.4x
Tue, 19 Apr 2022	₱13.9t	₱8.8t	₱729.3b	12.8x	19x	1.6x
Thu, 17 Mar 2022	₱13.8t	₱8.5t	₱677.6b	13.2x	20.4x	1.6x
Sat, 12 Feb 2022	₱14.4t	₱8.4t	₱644.7b	13.2x	22.3x	1.7x
Mon, 10 Jan 2022	₱13.9t	₱8.4t	₱644.6b	12.7x	21.6x	1.7x
Wed, 08 Dec 2021	₱14.2t	₱8.4t	₱642.5b	13.2x	22x	1.7x
Fri, 05 Nov 2021	₱14.2t	₱8.1t	₱624.2b	13.5x	22.8x	1.8x
Sun, 03 Oct 2021	₱13.8t	₱8.1t	₱617.4b	12.5x	22.4x	1.7x
Tue, 31 Aug 2021	₱13.2t	₱8.1t	₱617.3b	13.2x	21.4x	1.6x
Wed, 07 Jul 2021	₱13.1t	₱8.1t	₱616.2b	13.4x	21.2x	1.6x

Current Market PE

Investors are pessimistic on the Filipino market, indicating that they anticipate earnings will not grow as fast as they have historically.

The market is trading at a PE ratio of 11.3x which is lower than its 3-year average PE of 15.4x.

Past Earnings Growth

The earnings for Filipino listed companies have grown 23% per year over the last three years.
Revenues for these companies have grown 17% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Filipino Market?


PH Market	-0.26%
Real Estate	0.96%
Utilities	0.60%
Energy	0.49%
Consumer Staples	0.041%
Healthcare	0%
Telecom	-0.10%
Consumer Discretionary	-0.11%
Industrials	-0.63%
Tech	-0.70%
Materials	-0.89%
Financials	-1.52%

Sector PE

Investors favour the Consumer Discretionary sector the most for future growth which is trading above its 3-year average PE ratio.

The market's confidence is likely because analysts are expecting annual earnings growth of 20.0%, which is higher than its past year's earnings growth of 11.6% per year.

Forecasted Growth

Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 24% over the next 5 years.
This is better than its past earnings decline of 23% per year.

In contrast, the Energy sector is expected to see its earnings decline by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation	Sector
MER Manila Electric	₱375.60	2.9% +₱11.9b	13.1%	PE10.7x	Utilities
HVN Golden MV Holdings	₱1.12k	1.6% +₱11.6b	38.3%	PE483.1x	Consumer Discretionary
ALI Ayala Land	₱28.05	2.7% +₱11.3b	21.2%	PE15.8x	Real Estate
SMPH SM Prime Holdings	₱27.00	1.1% +₱8.7b	-19.5%	PE19x	Real Estate
PAL PAL Holdings	₱5.62	4.1% +₱5.9b	6.0%	PE9.6x	Industrials

Company

Last Price

Valuation

Sector

MER Manila Electric

₱375.60

2.9%
+₱11.9b

13.1%

PE10.7x

Utilities

HVN Golden MV Holdings

₱1.12k